News Column


July 24, 2014

Nordea has launched a web-based trade finance solution that would help to toughen its international trade finance business.

The solution from specialist firm Surecomp is called allNETT. Earlier, the bank had already took on allNETT V5.0 along with Surecomp s IMEX V7.0 trade finance back-office platform and the SCF-PRO V1.2 supply chain finance solution.

The Basel Committee on Banking Supervision s has raised its focus on liquidity, and the regulatory requirements that stem from that, have been a factor driving bank adoption of trade finance solutions in recent months.

As per Joel Koschitzky, chairman at Surecomp, We have witnessed firsthand the difficulties many banks are having as they continue to serve traditional trade markets while maintaining or improving return on equity performance. allNETT, complemented by Surecomp s suite of trade finance and supply chain finance products, helps banks and their corporate clients to drive efficiency and boost profitability.

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Source: TendersInfo (India)

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